The actuarial firm surveyed the UK&#39s top 200 companies to gauge their reaction to stakeholder proposals.

The survey found nearly 60 per cent of respondents would review their existing occupational pension scheme arrangements with a view to simplifying provision because of the threat of increased regulation.

Such moves to simplify schemes may include switching from defined benefit final salary schemes to defined contribution money purchase schemes, which would leave the employee bearing the investment risk.

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The first day of Isas has kicked off to a slow start because providers have not provided IFAs with the necessary information.Chelsea Financial Services managing director Janice Thompson says: &#34We have had thousands of enquiries, but we have nothing to send to our clients. Providers have been so focused on milking Peps, their eyes have […]

Bacon & Woodrow has called on the Government to allow Group Personal Pensions to qualify as stakeholder pensions in its response to the Green Paper.Plans should be allowed to qualify whether or not they have the appropriate trustee structure.The consultant also wants the Government to allow charges of more than one per cent for marketing […]

The National Association of Pension Funds believes Government proposals outlined in the Green paper &#39Partnership in Pensions&#39 could undermine occupational schemes.The NAPF argues the overlap of the second state pension, stakeholder and occupational schemes is confusing and needs to be clearly worked out to prevent employees making the wrong decisions.The association also casts doubt on […]

National Mutual has criticised Financial Services Authority guidance on personal pensions.The life office believes the guidance implies that many people with personal pensions should transfer to stakeholder.But it suggests that despite the actual terms of stakeholder not being known, many people may still be better off remaining in a personal pension.National Mutual has labelled the […]

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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]

Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]

Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]